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Nov 28, 2012
11/12
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CURRENT
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we can't have this quote-unquote fiscal cliff-hanging out there. they're saying that unemployment will rise a percentage point we'll go into a double-dip recession. if either of those two things happen, that's going to be very bad for wages for the common man, it is going to be bad for the stock market, for everybody who's got investments there. it is going to be bad for our whole mental outlook as a country. >> eliot: all of those are fair points. the question is the particular policies that they're proposing, just don't align with what i think many people, i included, see as being good for our economy at large. let me switch to the politics of this. do you think lynn, that this group, has much political sway? as you said, they campaigned vigorously against barack obama. so when lloyd blankfein and wall street say cut our taxes will, the president give them the back of the hand or welcome them in? >> i would not underestimate the influence that these guys have in washington. some have been part of obama's inner circle. jeffrey has sat on the head
we can't have this quote-unquote fiscal cliff-hanging out there. they're saying that unemployment will rise a percentage point we'll go into a double-dip recession. if either of those two things happen, that's going to be very bad for wages for the common man, it is going to be bad for the stock market, for everybody who's got investments there. it is going to be bad for our whole mental outlook as a country. >> eliot: all of those are fair points. the question is the particular policies...
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Nov 26, 2012
11/12
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cliff -- go over the fiscal cliff. if we as we get a couple more days down the road, we're going to start drawing up the alternative scenarios of what's going to happen in reduction of services across the commonwealth of pennsylvania, particularly in the social services. for example, our special education, our community economic development block grants and workforce investment would all be dramatically affected by this federal money that normally comes to the state and right into the local communities that won't be there, at least at the levels that was originally put out by the government in the first place. liz: what keeps you up at night, governor? what part of all those worries concerns you the most? the cuts, the tax hikes? >> usually i wake up about 3:00 in the morning and i wonder where are we going to balance the budget, first off with the economy as it is right now, it is just slowly increasing. we have a pension crisis just like every other state just about has a pension crisis. liz: you have had success. i
cliff -- go over the fiscal cliff. if we as we get a couple more days down the road, we're going to start drawing up the alternative scenarios of what's going to happen in reduction of services across the commonwealth of pennsylvania, particularly in the social services. for example, our special education, our community economic development block grants and workforce investment would all be dramatically affected by this federal money that normally comes to the state and right into the local...
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Nov 27, 2012
11/12
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maybe it's on the resolution of the fiscal cliff. that's positive going into 2013 in terms of a reallocation trade getting back to the energy, the materials, and the industrials. >> durable goods report today was better than many expected it to be. riday was pretty good.s good. a lot of the economic data coming in of late was pretty good. >> today if you look at the core durable goods and machinery and industrial goods, it was actually great for the first month of a quarter. usually that's the weakest month as the quarter progresses and gets strong. that was very, very unusual leading people to be optimistic. the interesting thing is the stocks didn't follow. cat was down or flat. deere is not doing much. so there's sort of this disconnect between the market and what we see from the economic data. >> the economy is front and center down in the nation's capital. the president meeting with more ceos today to discuss that and the fiscal cliff. we've the latest on the fiscal cliff negotiations. >> the president is meeting with small busi
maybe it's on the resolution of the fiscal cliff. that's positive going into 2013 in terms of a reallocation trade getting back to the energy, the materials, and the industrials. >> durable goods report today was better than many expected it to be. riday was pretty good.s good. a lot of the economic data coming in of late was pretty good. >> today if you look at the core durable goods and machinery and industrial goods, it was actually great for the first month of a quarter. usually...
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Nov 27, 2012
11/12
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you have to do things now to get ready for the fiscal cliff. >> the fiscal cliff is coming. you are very well advised to take the lump sum today. even before you do that it is important that you think about your security. for my wealthy families i manage a family office so that would include our lottery winner. we practice a stealth strategy. lifestyle, transitioning and humanity which is charity. all of those things are important. the first thing you should do if you win tomorrow is to not tell anyone. you don't want people to know. >> i have pondered this question. a lot of states require that you show up. it is very difficult to stay secret because they want a lot of publicity. what happens is if you are poor and you have a lot of friends and family who are poor they come to you for money. >> you can have a day or two before you show it. the first thing i advise people to do is contact a very reptutable security firm. they are going to make sure that you are relocated to a safe place. if you are not a celebrity already. >> you said security firm i thought you meant securi
you have to do things now to get ready for the fiscal cliff. >> the fiscal cliff is coming. you are very well advised to take the lump sum today. even before you do that it is important that you think about your security. for my wealthy families i manage a family office so that would include our lottery winner. we practice a stealth strategy. lifestyle, transitioning and humanity which is charity. all of those things are important. the first thing you should do if you win tomorrow is to...
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Nov 28, 2012
11/12
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>> the fiscal cliff is a fiscal cliff. a breakeven point at a very good industry rate, around 11 million units. we have an agility baked into the operational plan that we can flex its with demand, supply. the industry and general motors in particular on a supply base service are in a different place than three or four years ago. >> maybe we will put the tock price up to see where it is. you areevery proud that day. the stock has not done much. imr. anyway this talk will get traction while the government still has a quarter to go? >> we have undergone the direct competitors in the market. you have to look apples to apples. number two, that is the ownership of the government, i can't decide when they will develop, can only nick money in north america and we have done a good job. it matters about the stock, we're all concerned about the stock. what drives stock is performance and growth products. >> always great to talk to you. electric, i know you love electric cars, so there you go. i will send this one to you. dagen: they
>> the fiscal cliff is a fiscal cliff. a breakeven point at a very good industry rate, around 11 million units. we have an agility baked into the operational plan that we can flex its with demand, supply. the industry and general motors in particular on a supply base service are in a different place than three or four years ago. >> maybe we will put the tock price up to see where it is. you areevery proud that day. the stock has not done much. imr. anyway this talk will get traction...
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Nov 22, 2012
11/12
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congress and the president have just 40 days to avoid the so- called fiscal cliff. when the ball drops on new year's eve, tax hikes and severe spending cuts will kick in automatically unless a deal is reached. wyatt andrews spoke with two men who say they know how it should be done, if only washington would listen. >> reporter: two years ago, the fiscal commission chaired by democrat erskine bowles and former republican senator alan simpson proposed every basic element of the fiscal cliff solution being discussed now. their plan was a mixture of higher taxes, lower spending and the reform of medicare and social security. both men told us sacrifice has to come from everyone. >> all of us have to have some skin in the game to get it done. >> if you want something, pay for it. it's a sick idea, but it is an interesting idea. >> reporter: their biggest idea was to increase revenue by combining both the president's demand for higher taxes on the rich and the republican proposal to get rid of tax loopholes. bowles/simpson would eliminate almost every tax deduction for ind
congress and the president have just 40 days to avoid the so- called fiscal cliff. when the ball drops on new year's eve, tax hikes and severe spending cuts will kick in automatically unless a deal is reached. wyatt andrews spoke with two men who say they know how it should be done, if only washington would listen. >> reporter: two years ago, the fiscal commission chaired by democrat erskine bowles and former republican senator alan simpson proposed every basic element of the fiscal cliff...
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Nov 27, 2012
11/12
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more worries about this darn fiscal cliff. that could send the economy into recession if washington doesn't make a deal to soften the draconian spending cuts. and the tax increases by the end of the year. i say could, meaning i believe it will. we need to take a cautious approach when it comes to retail because of the cliff. a lot of retailers are running right now. but we want to own something that won't be hurt too badly if we do go over the cliff. a stock that's pulled back dramatically of late. i'm talking about ross stores. r-o-s-t. the company behind two off-price retail concepts we can't get enough of here on "mad money." ross is an off price play like tjx, another strong, strong player, where people go to get terrific deals on merchandise that's been marked down dramatically. the company's pretty much immunized against a fiscal cliff. well, at least one that induces a recession. consider t hat since 2005, ross stores has had only a single quarter of negative same-store sales growth during the great recession in 2009. j
more worries about this darn fiscal cliff. that could send the economy into recession if washington doesn't make a deal to soften the draconian spending cuts. and the tax increases by the end of the year. i say could, meaning i believe it will. we need to take a cautious approach when it comes to retail because of the cliff. a lot of retailers are running right now. but we want to own something that won't be hurt too badly if we do go over the cliff. a stock that's pulled back dramatically of...
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Nov 29, 2012
11/12
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congress designed the fiscal cliff. i think probably senator thune from south dakota is making the most sense last night saying maybe we should kick the can down the road for six months instead of trying to rush it i'm not a fan of kicking the can down the road, that's what congress does. in this case, you have everyone scrambling, trying to examine the ramifications of the election. you have new people coming in. some of the people voting were thrown out of congress. why not wait until the 1st of the year. >> kicking the can, you look at markets today. you have global markets up. stock futures are up. the stock market was up yesterday because this whole idea of optimism from john boehner and the president that this could get done by the end of the year is something the world wants to see. you look at our polling. our polling shows, and the most recent poll from abc news/"washington post," 60% of people support raising tacks on incomes over $250,000 per year. isn't the argument of kicking the can down the road losing so
congress designed the fiscal cliff. i think probably senator thune from south dakota is making the most sense last night saying maybe we should kick the can down the road for six months instead of trying to rush it i'm not a fan of kicking the can down the road, that's what congress does. in this case, you have everyone scrambling, trying to examine the ramifications of the election. you have new people coming in. some of the people voting were thrown out of congress. why not wait until the 1st...
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Nov 26, 2012
11/12
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a dark fiscal cliff. a new government report warning is an increase in texa taxes wod crush the middle-class spending. the dow down 70 points. it seems republicans are changing their tune on taxes. i don't know. lou dobbs with us as more congressional leaders break from the antitax pledge. and two years after the signs in cairo they look the same. mohamed morsi moves for absolute power sparking violent clashes in the streets between his supporters and opponents. but first, it is time to check stocks as would every 15 minutes, let's head to the floor of the new york stock exchange. nicole, the market is down and out on the fiscal cliff. i'm afraid. nicole: there's a lot going on on wall street. selling across the board, down 72-point at the lowest .12900, so about 40 points off of the earlier lows, however we are seeing selling from sector to sector with its banks or drugs or retail. the areas that have been pretty good our technology, semi conductors holding on, utilities giving it a go after selling off
a dark fiscal cliff. a new government report warning is an increase in texa taxes wod crush the middle-class spending. the dow down 70 points. it seems republicans are changing their tune on taxes. i don't know. lou dobbs with us as more congressional leaders break from the antitax pledge. and two years after the signs in cairo they look the same. mohamed morsi moves for absolute power sparking violent clashes in the streets between his supporters and opponents. but first, it is time to check...
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Nov 29, 2012
11/12
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from falling off the fiscal cliff? we'll get the worst case scenario when we come back. >>> welcome back. kbw declaring a special $2 a share dividend becoming the latest company in a growing list so far. 174 companies have announced special dividends in november according to s&p. that's a new record. who are some potential issuers on deck? >> goldman sachs back in september put out a note that i think really got this conversation going. the one name they mentioned on there that has not yet done the special dividend is mastercard. doc was talking about it before reaching new levels today. i think mastercard is a name that you could focus on. >> when you own a stock and they announce a special dividend it is great but the problem with chasing them is once the thing goes "x" dividend, typically the price will adjust. it is not necessarily a great short term trade. i'd focus more on consistent dividend paying as opposed to special dividend. >> google's on my list. $50 billion in cash. at least one-third of that onshore. th
from falling off the fiscal cliff? we'll get the worst case scenario when we come back. >>> welcome back. kbw declaring a special $2 a share dividend becoming the latest company in a growing list so far. 174 companies have announced special dividends in november according to s&p. that's a new record. who are some potential issuers on deck? >> goldman sachs back in september put out a note that i think really got this conversation going. the one name they mentioned on there...
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Nov 28, 2012
11/12
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it's the fiscal cliff. just in the last hour, at his first cabinet meeting since re-election, the president expressed the urgent need for a deal, one that he wants to see extend tax cuts for the middle class while letting them expire for the highest earners. >> there is no reason why taxes on middle class families should go up. it would be bad for the economy. it would be bad for those families. in fact, it would be bad for the world economy. and so i think it's very important that we get that resolved. and i am very open to a fair and balanced approach. >> the president met with middle class tax payers today, urging them to employ twitter hash tag my y2k, telling congress this is too important for them to screw it up. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. it's too important for washington to screw this up. >> and a new survey shows the president has the public on board in a new washington post po
it's the fiscal cliff. just in the last hour, at his first cabinet meeting since re-election, the president expressed the urgent need for a deal, one that he wants to see extend tax cuts for the middle class while letting them expire for the highest earners. >> there is no reason why taxes on middle class families should go up. it would be bad for the economy. it would be bad for those families. in fact, it would be bad for the world economy. and so i think it's very important that we get...
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Nov 27, 2012
11/12
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cheryl: let's get fiscal on our fiscal cliff survival kit. who else but tracy byrnes with what you need to know and what you can do right now. dennis: a look at the day's winners on the s&p. cheryl. >> nicole petallides lived at the new york stock exchange every 15 minutes. we have you covered. things on the move and looking at according they may correlate glass with the outlet day shall look better than expected. used with this barbosa tablets. they see more demanded usual steve mad and is down nokia other stocks with the companies issuing dividend dividend -- dividend early to avoid the fiscal cliff part of back to you. >> with those higher dividend tax is. consumer confidence for november at the highest level since every 2008. just-in-time for the holiday is. will it continue? and joining us now is mark, we will stoke the fiscal cliff phobia but they just bought 30% more on cyber monday than one year-ago. >> consumers have tune it out. we always go to the brink and nothing happens. but what is happening with the job market? it is improving
cheryl: let's get fiscal on our fiscal cliff survival kit. who else but tracy byrnes with what you need to know and what you can do right now. dennis: a look at the day's winners on the s&p. cheryl. >> nicole petallides lived at the new york stock exchange every 15 minutes. we have you covered. things on the move and looking at according they may correlate glass with the outlet day shall look better than expected. used with this barbosa tablets. they see more demanded usual steve mad...
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Nov 28, 2012
11/12
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stuart: could we have your stand on the tax issue as we head towards this fiscal cliff. some republicans have, i'm going to say retreated a little in that they will allow more tax revenue from wealthy people, but not raising the tax rate on wealthy people. where do you stand, sir? >> i don't want to raise rates on anybody, because i think that compounds what's already a difficult system in terms of the taxes, but i am for reforming our tax systems, means testing, deductions and things of that nature. so you raise the base upon which the levy is arrived. and reagan and tip o'neal did that when they raised from 78% to 28% and revenues went up and they cleaned up the deductions and tax treatments previously buried in the code. we need to revisit that again. >> do you see any sign that president obama is ready to move over to your position? >> i haven't seen a sign of it and i fear too much politics dominating the white house right now. the race is over, the president has won and he's the leader of the country ap time he sat down at the table with all of us, ready to represe
stuart: could we have your stand on the tax issue as we head towards this fiscal cliff. some republicans have, i'm going to say retreated a little in that they will allow more tax revenue from wealthy people, but not raising the tax rate on wealthy people. where do you stand, sir? >> i don't want to raise rates on anybody, because i think that compounds what's already a difficult system in terms of the taxes, but i am for reforming our tax systems, means testing, deductions and things of...
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Nov 28, 2012
11/12
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fiscal cliff? >> yes. obviously, we are leaving it to speaker john boehner and the house. the republican negotiating position and the president representing the democrats in the house and the senate. to make the -- to present the -- their conclusions to the rest of us to evaluate and vote on. but it has to be voted on in the house of representatives. the republican house members need to support it for it to pass. in the senate, it is not just enough for 51 democratic senators to be supportive. the rules permit the minority to have some rights -- until the rules are changed. as a result, we do have a voice. it has to be something that is acceptable to the senate republicans, as well as house republicans. >> have you seen any indication that senator harry reid wants to cut -- any spending? >> no. >> none? >> you never get him to talk about reducing spenning by a dime. it's always about adding revenue. they are not even satisfied to have more money. they have to specify where it comes from. rich peopl
fiscal cliff? >> yes. obviously, we are leaving it to speaker john boehner and the house. the republican negotiating position and the president representing the democrats in the house and the senate. to make the -- to present the -- their conclusions to the rest of us to evaluate and vote on. but it has to be voted on in the house of representatives. the republican house members need to support it for it to pass. in the senate, it is not just enough for 51 democratic senators to be...
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Nov 28, 2012
11/12
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the fiscal cliff is the deal. it was the deal to stop the debt ceiling negotiations from last year that created the super-committee which didn't wind up doing anything. i'm not going through all of that terrible history again and both sides are very dug in and i don't think there is going to be a deal. that's where, i hope i'm wrong. i hope they have a deal. i also don't think the markets have been really focusing on this at all until the election. so up until three weeks ago the markets were not discounting anything in terms of the fiscal cliff. and that's why every time john boehner says something or the president says something or harry reid says something we get violent movements out of the markets. only in the last couple weeks are they finally starting to pay attention to this. tracy: okay, we don't get a deal, let's play this out. do they punt to next year and we see a bunch of retroactive taxes put in place? will we see entitlement spending cuts? how do you see this in the end? >> there are two con sit whe
the fiscal cliff is the deal. it was the deal to stop the debt ceiling negotiations from last year that created the super-committee which didn't wind up doing anything. i'm not going through all of that terrible history again and both sides are very dug in and i don't think there is going to be a deal. that's where, i hope i'm wrong. i hope they have a deal. i also don't think the markets have been really focusing on this at all until the election. so up until three weeks ago the markets were...
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Nov 26, 2012
11/12
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. >> the fiscal cliff is not going to happen. so the ceiling -- the sky's not going to fall. >> chris: senators jeff session and congressman charlie wrangle on prospects for avoiding the fiscal cliff. liz, is charley wrangle right, the sky is not falling? >> i wouldn't say charlie's not right. i think the potential damage done by going off the fiscal cliff is so significant i would hope even in this town that's very divided people could come together to avoid it. what concerns me is the whole terrain we're on is an argument about whether or not to raise taxes on upper income earners. the argument ought to be is the president willing to put forward spending proposals and cuts that are serious enough to come to an agreement. the president is pushing a fallacy which i've watched some sundays bill kristol buy into on the panel that we can solve our problem. >> chris: that was a great line. >> but no, this notion that we can solve the problem by raising taxes on the upper income earners is ill-advised. >> chris: i'm going to mr. bill
. >> the fiscal cliff is not going to happen. so the ceiling -- the sky's not going to fall. >> chris: senators jeff session and congressman charlie wrangle on prospects for avoiding the fiscal cliff. liz, is charley wrangle right, the sky is not falling? >> i wouldn't say charlie's not right. i think the potential damage done by going off the fiscal cliff is so significant i would hope even in this town that's very divided people could come together to avoid it. what concerns...
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Nov 29, 2012
11/12
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fiscal cliff, no fiscal cliff, that will be good for gold. investors will look for a safe haven and alternative to the u.s. dollar and they will be buying these assets. kind of a word of advise. ashley: interesting. tracy: sandy, while you were at the cme last week you said guys were saying 95 to $100 on oil. that is the consensus all around. >> keep watching that guy. we're near 90 bucks again. tracy: thank you, sandra. >> thank you. ashley: investors watching the latest developments on the fiscal cliff plus new taak that the fed, guess what, will continue its bond buying programs next year. for more on the markets, i'm joined by bob pavlick, chief market strategist at banyon partners. bob, thanks so much for being here. let's get to the fed issue here. so what is what i say. they will expand or continue the program of buying assets. what impact will this have if any? >> operation twist what they call it. sell short paper and buy long term bonds in order, in an effort to try to continue to keep long-term interest rates low. really what it is
fiscal cliff, no fiscal cliff, that will be good for gold. investors will look for a safe haven and alternative to the u.s. dollar and they will be buying these assets. kind of a word of advise. ashley: interesting. tracy: sandy, while you were at the cme last week you said guys were saying 95 to $100 on oil. that is the consensus all around. >> keep watching that guy. we're near 90 bucks again. tracy: thank you, sandra. >> thank you. ashley: investors watching the latest...
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Nov 25, 2012
11/12
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will they come up with a way to avoid the fiscal cliff? finishes [ male announcer ] you like who you are... and you learned something along the way. this is the age of knowing what you're made of. so, why let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. this is the age of taking action. viagra. talk to your doctor. see if america's most prescribed ed treatment is right for you. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ mal
will they come up with a way to avoid the fiscal cliff? finishes [ male announcer ] you like who you are... and you learned something along the way. this is the age of knowing what you're made of. so, why let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing,...
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Nov 25, 2012
11/12
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FOXNEWSW
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will they come up with a way to avoid the fiscal cliff? finishes this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually e! how illinating. hat's in your wallet? let me guess, am i on the naughty list again? ho ho ho! >> we're relegated to a group of people meeting in secret, plotting some sort of scheme that they think is best for america. >> the fiscal cliff is not going to happen. so the ceiling -- the sky's not going to fall. >> chris: senators jeff session and congressman charlie wrangle on prospects for avoiding the fiscal cliff. liz, is charley wrangle right, the sky is not falling? >> i wouldn't say charlie's not right. i think the potential damage done by going off the fiscal cliff is so significant i would hope even in this
will they come up with a way to avoid the fiscal cliff? finishes this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually e! how illinating. hat's in your wallet? let me guess,...
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Nov 29, 2012
11/12
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CNBC
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is the fiscal cliff a buying turnlt? because today, goldman, saying that all of this is going to pass, we're going to get growth of 10.9%. and 12% in the market on prices next year and they'll rise . >> i think people are going to rotate from protecting the value of their portfolio. >> i think people have been very significantly focused on not losing money. and so they have held cash, they have held more conservative investments. i think it's made sense to. there's been tremendous uncertainty. and for the record, i don't think the uncertainty is necessarily going to melt away, whether we get a fiscal cliff deal or not. what i do think we're starting to see is you have the largers economies in the developed world, all throughout europe, and japan, during sandy, a lot of what happened tot the bank of japan, you have central bans that are going to work with governments. chairman bernanke hasn't even commented on it himself, that there's an incentives to weaken their currency. they're going to own stocks to protect that. >>
is the fiscal cliff a buying turnlt? because today, goldman, saying that all of this is going to pass, we're going to get growth of 10.9%. and 12% in the market on prices next year and they'll rise . >> i think people are going to rotate from protecting the value of their portfolio. >> i think people have been very significantly focused on not losing money. and so they have held cash, they have held more conservative investments. i think it's made sense to. there's been tremendous...
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Nov 26, 2012
11/12
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FBC
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morning is about the fiscal cliff, it is getting very, very close. no meeting planned for this week between the president and congress, and that may be the negative which pushes the dow down. we're off and running. the opening trend is to the down side and just around 13,000, that's how we came out of the thanksgiving holiday and now it's at 12,990, down 20, 30, nearly 40 points in the the very early going and that's the way we expected it and as you know, it's cyber monday and on-line sales today expect today hit 1 1/2 billion dollars, maybe more. and nicole, let's look at the biggest on-line retailer of them all, amazon, where is it? >> that's right, a pure play on-line retailer and that's amazon, that's the winner today and it has an up arrow and we obviously saw the weekend kicking off with shopping for the thanksgiving holiday sales and 59 billion, black friday, jn line sales over 1 billion and when you talk about on-line retailers and versus brick and mortar stores, on-line retailers have done so much better. up this year, more than double the
morning is about the fiscal cliff, it is getting very, very close. no meeting planned for this week between the president and congress, and that may be the negative which pushes the dow down. we're off and running. the opening trend is to the down side and just around 13,000, that's how we came out of the thanksgiving holiday and now it's at 12,990, down 20, 30, nearly 40 points in the the very early going and that's the way we expected it and as you know, it's cyber monday and on-line sales...
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Nov 29, 2012
11/12
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always there. >>> we're only 33 days away from the so-called fiscal cliff. a drastic combination of mandatory spending cuts, tax hikes that could plunge the u.s. back into a recession. >> and there's only one way to avoid it. house republicans and president obama and his fellow democrats need to strike a deal before the end of the year on reducing the national debt to avoid that fiscal cliff. republican aid describe the tentative white house proposal this way. $1.6 trillion in revenue presented by secretary treasury secretary timothy geithner and stimulus and $400 billion in medicare and other entitlement savings. a permanent increase in the debt limit. >> so, let's get more on the standoff right now. joining us senator bernie sanders of vermont. he caucuses with the democrats. senator, first of all, congratulations on your re-election. thanks for coming in. republicans say, you know what, they'll be flexible, but the democrats have to be flexible, too, especially when it comes to entitlement spending. medicare, medicaid and even reform. are you open to any
always there. >>> we're only 33 days away from the so-called fiscal cliff. a drastic combination of mandatory spending cuts, tax hikes that could plunge the u.s. back into a recession. >> and there's only one way to avoid it. house republicans and president obama and his fellow democrats need to strike a deal before the end of the year on reducing the national debt to avoid that fiscal cliff. republican aid describe the tentative white house proposal this way. $1.6 trillion in...
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Nov 29, 2012
11/12
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FBC
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this is the deal on the fiscal cliff. tax increase now, delay spending cuts, don't worry about the debt. judge napolitano: i wrote a piece this morning on the washington times and a number of venues. argues the republicans probably will cave. notwithstanding the pledge they took, just a political pledge, not legally -- i don't want them to raise taxes but they will. they should remember the peril of recent history. the last american president who said who could forget this? read my lips, no new taxes was dispatched by the voters to a hotel room in houston rather than four more years in the white house because he violated that pledge. george herbert walker bush would keep that pledge today. stuart: always a pleasure. we say it every day on "varney and company," time is money. we mean it. i especially mean it. my take on punctuality next. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core,
this is the deal on the fiscal cliff. tax increase now, delay spending cuts, don't worry about the debt. judge napolitano: i wrote a piece this morning on the washington times and a number of venues. argues the republicans probably will cave. notwithstanding the pledge they took, just a political pledge, not legally -- i don't want them to raise taxes but they will. they should remember the peril of recent history. the last american president who said who could forget this? read my lips, no new...
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Nov 26, 2012
11/12
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will they come up with a way to avoid the fiscal cliff. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ >> chris: still to come, our power player of the week. >> what i learned was to love work. >> chris: she grew up on a farm in california, making enough from raising cattle to send herself to college. >> i'm really happiest when i am engaged and working and ♪ >> relegated to a group of people meeting in secret, plotting, some sort of scheme that they think is best for america. >> the fiscal cliff is not going to happen. so the ceiling, is not going to fall. >> chris: senators jeff session and congressman charlie rangel on prospects for avoiding the fiscal cliff and we're back with the panel. liz is charlie rangel right, the sky is not falling and the fiscal cliff will not happen. >> i don't want to say charlie rangel is right. look, i think the potential damage done by going off t
will they come up with a way to avoid the fiscal cliff. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ >> chris: still to come, our power player of the week. >> what i learned was to love work. >> chris: she grew up on a farm in california, making enough from raising cattle to send herself to...
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Nov 28, 2012
11/12
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will he bring ideas for avoiding the fiscal cliff? and more than half a billion dollars up for grabs in the power ball lottery. i'll talk to the man who actually draws the winning numbers. he could make you very rich. g s! make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. can your moisturizer do that? [ female announcer ] dermatologist recommended aveeno has an oat formula, now proven to build a moisture reserve, so skin can replenish itself. that's healthy skin for life. only from aveeno. but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technolo
will he bring ideas for avoiding the fiscal cliff? and more than half a billion dollars up for grabs in the power ball lottery. i'll talk to the man who actually draws the winning numbers. he could make you very rich. g s! make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to...
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Nov 27, 2012
11/12
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>>neil: remember the balanced approach to the fiscal cliff? i don't know what happened. . ♪ ♪ [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. if you're eligible for medicare, you might know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help pay some of the difference. and could save you in out-of-pocket medical costs. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral to see a specialist. so don't wait. call now to request a free decision guide to help you understand medicare. and which aarp medicare supplement plan might work best for you. there's a range to choose from, depending on your needs and your budget. and they all travel with you -- anywhere
>>neil: remember the balanced approach to the fiscal cliff? i don't know what happened. . ♪ ♪ [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. if you're eligible for medicare, you might know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company....
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Nov 28, 2012
11/12
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nice to chat with you. >> senator, let's talk about the fiscal cliff. increasingly we are referring to it as the fiscal curve, possibly among some folks in our circle, the fiscal mole hill. you have advocated going over the fiscal cliff as a way for both democrats and republicans to make a deal and i will call to mind -- i will call to everyone's attention comments you made at the brookings institution this summer when you said if the bush tax cuts expire every proposal will be a tax cut proposal and the norquist pledge will no longer keep republicans boxed in and unable to compromise. which would seem to be good news for republicans. what do you make of john boehner's statement saying bad idea? >> well, first of all, i respect representative cole for saying the obvious, that there is no need to hold 98% of our middle-class families and 97% of our small businesses hostage just in order to protect the wealthiest americans. that this fiscal cliff that we are facing can be resolved very quickly if we pass a bill to extend the tax cuts for those people. i r
nice to chat with you. >> senator, let's talk about the fiscal cliff. increasingly we are referring to it as the fiscal curve, possibly among some folks in our circle, the fiscal mole hill. you have advocated going over the fiscal cliff as a way for both democrats and republicans to make a deal and i will call to mind -- i will call to everyone's attention comments you made at the brookings institution this summer when you said if the bush tax cuts expire every proposal will be a tax cut...
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Nov 29, 2012
11/12
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and i worry about it in relative terms to the fiscal cliff. what bothers me about our situation and the situation in europe is that the political forces and the structure of these repairs take a long time, they misdeadlines continually, and they only do something when we get to the brink. we had a mechanism here in the u.s. with the sequestration process and everything got kicked down the road. we have a great opportunity to make major changes for the future and see if those pro formas actually work out as they're supposed to. but we've got to tweak it because that exponential function of increasing the deficit and increasing the aggregate debt against the backdrop ofactuarial certainty is really concerning. so the market seems to be very, very much focused on events and is driven by those reactions as we've seen. there's a lot more volatility creeping in. >> and given what we're talking about, all the risks you've laid out, what's getting some attention is the fact that the vix is now not the above 20 for four straight months. the last time w
and i worry about it in relative terms to the fiscal cliff. what bothers me about our situation and the situation in europe is that the political forces and the structure of these repairs take a long time, they misdeadlines continually, and they only do something when we get to the brink. we had a mechanism here in the u.s. with the sequestration process and everything got kicked down the road. we have a great opportunity to make major changes for the future and see if those pro formas actually...
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Nov 21, 2012
11/12
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fiscal cliff. professor, seems to me there's been a sea change. we're discussing how much we should raise in revenue rather than shouldn't revenue be raised. isn't this a good indicator of politics working for this nation? >> we're moving in the right direction because the democrats are holding most of the trump cards. if nothing is done, remember we go back to the clinton tax rates of the 1990s which were not all that bad. in fact, the economy did quite well under those tax rates. if nothing is done, basically the republicans lose. and if the republicans try to make a case that they are not going to vote for an extension of middle class tax cuts unless the rich also get a tax cut that, puts the republicans in the position of showing america that they are going to hold the middle class hostage and they are shields for the very rich. that kind of a demonstration is not going to be good for the g.o.p. so the democrats are holding a lot of the cards. the question is will the democrats actually hold firm. >> eliot: i think that's exactly right. this w
fiscal cliff. professor, seems to me there's been a sea change. we're discussing how much we should raise in revenue rather than shouldn't revenue be raised. isn't this a good indicator of politics working for this nation? >> we're moving in the right direction because the democrats are holding most of the trump cards. if nothing is done, remember we go back to the clinton tax rates of the 1990s which were not all that bad. in fact, the economy did quite well under those tax rates. if...
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Nov 27, 2012
11/12
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we look at the fiscal cliff or as steve calls it the fiscal slope or the fiscal fiesta and of course the fiscal follies. we'll install our own special graphic later this week. it's our new style of play and our next guest might want to be a pair here as he writes about it every day until the situation is resolved. sounds riveting. in the guest spot today is dan gross, the columnist and global business editor for "newsweek" daily beast who says in his latest piece republicans still haven't recognized the new reality. dan, you may be right. i don't know. i guess we'll see. if republicans do agree to raise taxes, do you think that democrats will agree to any health care entitlement reform? which is the harder sell? >> no, i don't think so. that's why i'm so pessimistic or actually so optimistic about going over this fiscal cliff. usually when i threaten to write about something every day until it is resolved, it gets resolved quickly. we'll see in this case. >> that's power. >> the election kind of ratified the stance. which is the bush tax cuts should expire for those making over a cer
we look at the fiscal cliff or as steve calls it the fiscal slope or the fiscal fiesta and of course the fiscal follies. we'll install our own special graphic later this week. it's our new style of play and our next guest might want to be a pair here as he writes about it every day until the situation is resolved. sounds riveting. in the guest spot today is dan gross, the columnist and global business editor for "newsweek" daily beast who says in his latest piece republicans still...
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Nov 29, 2012
11/12
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we talked about the fiscal cliff. today we have cliff noran, $154 billion in assets under management. and as joe was saying during the break, we have a little bit of a drinking game. every time we mention fiscal cliff. a lot of viewers are kind of drunk by thousand. >> i'll toast with them. >> are you up in boston? >> springfield, mass. mostly bonds. we specialize in corporate bonds, real estate. >> so what are you doing about the fiscal cliff? >> we think it's actually a good thing because it's addressing something in our country that's gotten out of control. step back the last five years, september 2007, we crossed $9 trillion in debt. thousand we're at $16.2 trillion to $16.3 trillion four years later. five years later. deficits of 1.25 trillion for the last five years. so we have a problem in our country that really needs to be resolved. we've become addicted to stimulus really through deficit spending, through 0% interest rates. >> how are you investing around this? >> we're comfortable investing in corporate bon
we talked about the fiscal cliff. today we have cliff noran, $154 billion in assets under management. and as joe was saying during the break, we have a little bit of a drinking game. every time we mention fiscal cliff. a lot of viewers are kind of drunk by thousand. >> i'll toast with them. >> are you up in boston? >> springfield, mass. mostly bonds. we specialize in corporate bonds, real estate. >> so what are you doing about the fiscal cliff? >> we think it's...
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Nov 29, 2012
11/12
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barack obama bringing glad tidings of great joy to avoid the fiscal cliff. >> my hope is to get this done before christmas. i will go anywhere and do anything it takes to get this done. it's too important for washington to screw this up. >> and john boehner, not to be outdone, put a little early present under the tree too. >> i'm optimistic that we can continue to work together to avert this crisis and sooner rather than later. >> these are pretty glum faces to deliver those presents. no smile from either one of them. but investors didn't care, they're excited about the present, the dow gained more than a full percent throughout the day. will we have a true christmas miracle? courtesy of those two. oh, let's hope that they don't wear those hats. i spoke this evening with republican senator john cornyn of texas, he's the republican whip and member of the finance committee, and i asked him what has he actually done to help get this deal done, not the night before, but before christmas. >> we have said that revenue, is something that the president said he needs, we have made the point t
barack obama bringing glad tidings of great joy to avoid the fiscal cliff. >> my hope is to get this done before christmas. i will go anywhere and do anything it takes to get this done. it's too important for washington to screw this up. >> and john boehner, not to be outdone, put a little early present under the tree too. >> i'm optimistic that we can continue to work together to avert this crisis and sooner rather than later. >> these are pretty glum faces to deliver...
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Nov 28, 2012
11/12
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he has ceos, lots of fiscal cliff stuff. joy's christmas shopping and was looking at best buy for the latest smartphone. you wanna see if walmart has the same phone, for less? let's see! samsung galaxy s3 --- you could save over $50. no way! and -- you get a $100 gift card. are you serious?! yes! see for yourself how much you can save on the smartphones you want for christmas. walmart. but when i was in an accident... see for yourself how much you can save on the smartphones i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. >>> i learned the value of a dollar working in my dad's store and running my own small business. i know we can pay down the debt while protecting social security and medicare. >> we need firm footing by reforming our tax cod
he has ceos, lots of fiscal cliff stuff. joy's christmas shopping and was looking at best buy for the latest smartphone. you wanna see if walmart has the same phone, for less? let's see! samsung galaxy s3 --- you could save over $50. no way! and -- you get a $100 gift card. are you serious?! yes! see for yourself how much you can save on the smartphones you want for christmas. walmart. but when i was in an accident... see for yourself how much you can save on the smartphones i was worried the...
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Nov 29, 2012
11/12
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cliff. redeploying the campaign image, the president surrounded himself with what he called average middle class families, to ramp up the pressure on the republicans. >> if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next year. >> reporter: the president wants congress to extend the bush tax rates for everyone making less than $250,000 but wants taxes to go up for everybody else, and will take the message to pennsylvania avenue on friday. not to be outdone on the pr front the house republicans hosted a group of nervous business leaders, who are pushing serious spending cuts to supplement expected tax hikes. >> i am hopeful, but wouldn't put me down anywhere near the optimistic category. we have a long way to go, very few days to get it done. >> reporter: in the first republican break inside the house, the oklahoma congressman tom cole endorsed the short-term approach. >> in my view, we all agree we won't raise the taxes on peopl
cliff. redeploying the campaign image, the president surrounded himself with what he called average middle class families, to ramp up the pressure on the republicans. >> if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next year. >> reporter: the president wants congress to extend the bush tax rates for everyone making less than $250,000 but wants taxes to go up for everybody else, and will take the message to...
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Nov 26, 2012
11/12
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walmart. ♪ >>> holiday cheer and fiscal cliff fears. the white house releases a new report on christmas shopping and budget negotiations. it's monday, november 26th, and this is "now." alex wagner will be back tomorrow. joining me today from politico, ben white, assistant managing editor of "time" magazine, ronna, jody can tor of "the new york times" and the good professor himself, michael eric dyson. after a record-setting holiday weekend, consumers are expected to spend a lot of cash on what retailers call cyber monday. americans will spend $1.5 billion online today, a 20% bump from lastea
walmart. ♪ >>> holiday cheer and fiscal cliff fears. the white house releases a new report on christmas shopping and budget negotiations. it's monday, november 26th, and this is "now." alex wagner will be back tomorrow. joining me today from politico, ben white, assistant managing editor of "time" magazine, ronna, jody can tor of "the new york times" and the good professor himself, michael eric dyson. after a record-setting holiday weekend, consumers are...
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Nov 29, 2012
11/12
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tomorrow we'll have both republican ares and democrats onto talk about the fiscal cliff. it is going to be an interesting show with some fireworks. ac 360 starts now. wolf blitzer is in for anderson cooper. oh no, not a migraine now. try this... bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough migraines. new bayer migraine formula. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network
tomorrow we'll have both republican ares and democrats onto talk about the fiscal cliff. it is going to be an interesting show with some fireworks. ac 360 starts now. wolf blitzer is in for anderson cooper. oh no, not a migraine now. try this... bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough migraines. new bayer migraine formula. bp has paid overthe people of bp...
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Nov 28, 2012
11/12
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i'm ready to sign it. >> politico calls it the fiscal cliff roadshow. the president going to middle class americans about avoiding the cliff. 33 days and counting. and join our conversation on twitter. [ female announcer ] you can make macaroni & cheese without freshly-made pasta. you could also cut corners by making it without 100% real cheddar cheese. but then...it wouldn't be stouffer's mac & cheese. just one of over 70 satisfying recipes for one from stouffer's. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it could save you thousands in out-of-pocket costs. call now to request your free decision guide. i've been with my doctor for 12 year
i'm ready to sign it. >> politico calls it the fiscal cliff roadshow. the president going to middle class americans about avoiding the cliff. 33 days and counting. and join our conversation on twitter. [ female announcer ] you can make macaroni & cheese without freshly-made pasta. you could also cut corners by making it without 100% real cheddar cheese. but then...it wouldn't be stouffer's mac & cheese. just one of over 70 satisfying recipes for one from stouffer's. i've got a...
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Nov 22, 2012
11/12
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so right now, robert, politico's headline, rough start for fiscal cliff talks. this piece is suggesting staffers aren't having an easy time with this. is it looking more like we're going to have one of these two-part solutions, kind of like where wheef been before, that somehow they're going to punt partly again? >> possibly. it looks that way. it looks like perhaps there's going to be a band-aid right now to get us through the end of the year, beginning of next year, and then actual -- a real substantive conversation when the next congress gets sworn in. or, this could well be we're seeing the sausage made here where both sides are in deep negotiations where they're really sticking to their ground here, but knowing there's going to be wiggle room back and forth. you put your hand out there first, strong hand, knowing there's a little bit of wiggle room. i think what we're seeing is the sausage -- i hope that we're seeing is the sausage being made here, and they're closer to what they really want to put out there. they're doing that, because both sides have so m
so right now, robert, politico's headline, rough start for fiscal cliff talks. this piece is suggesting staffers aren't having an easy time with this. is it looking more like we're going to have one of these two-part solutions, kind of like where wheef been before, that somehow they're going to punt partly again? >> possibly. it looks that way. it looks like perhaps there's going to be a band-aid right now to get us through the end of the year, beginning of next year, and then actual -- a...
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Nov 26, 2012
11/12
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there wasn't any talk about the fiscal cliff. we'll see what happens this week because these negotiations continue. but those shopping numbers have given people a lot of reason to think maybe there's some good news out there. we see the numbers coming in on this today, cyber monday,s biggest online shopping day. $1.5 billion in sales. chuck, i will admit, on amazon this morning, i got shut out by the deals i wanted to get. hey, it's worth a try. >> i guess you have to right that "r" button, refresh. thank you, becky. >> thank you, chuck. >>> one of the tasks of political strength, how do you fare in unfriendly it territory? in today's deep dive we're taking a look at the democratic senators holding seats in some of the reddest presidential spots on the map. take a look at this. in the new congress a dozen democrats will hold seats in states that voted for mitt romney. one in alaska, ed north dakota, south dakota, missouri, arkansas, louisiana, indiana and north carolina. democrats hold both senate seats in west virginia and monta
there wasn't any talk about the fiscal cliff. we'll see what happens this week because these negotiations continue. but those shopping numbers have given people a lot of reason to think maybe there's some good news out there. we see the numbers coming in on this today, cyber monday,s biggest online shopping day. $1.5 billion in sales. chuck, i will admit, on amazon this morning, i got shut out by the deals i wanted to get. hey, it's worth a try. >> i guess you have to right that...
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Nov 29, 2012
11/12
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let us go over the fiscal cliff is necessary. keep sharing your thoughts with us on facebook and on twitter. one of the richest men in america is getting a free lunch at the white house. find out what mitt romney could bring to the table and the white house wants him to. we are right back. >>> welcome back to "the ed show." kevin mccarthy has a movie night. he will be hosting a screening of the movie "lincoln" steven spielberg's portrayal of the republican party's most honored president. last year during the debt ceiling debate on capitol hill, mccarthy tried to rally republicans behind john boehner's plan with this clip from the town. >> i need your help. i can't tell you what it is. you can never ask me about it later. we are going to hurt some people. >> whose car are we going to take? >> if you haven't seen the movie, two characters go to beat up a guy. mccarthy showed a clip where a thief emphasized not asking questions in a situation where people were going to get hurt. mccarthy also organized the republican screening of mo
let us go over the fiscal cliff is necessary. keep sharing your thoughts with us on facebook and on twitter. one of the richest men in america is getting a free lunch at the white house. find out what mitt romney could bring to the table and the white house wants him to. we are right back. >>> welcome back to "the ed show." kevin mccarthy has a movie night. he will be hosting a screening of the movie "lincoln" steven spielberg's portrayal of the republican party's...
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Nov 21, 2012
11/12
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you've probably heard of the fiscal cliff or as lawrence likes to call it, the fiscal curve or as my friend calls t the austerity bomb. whatever you would like to call it, it does not look like it's going to happen. it doesn't just look like we're going to avoid a crisis. at this moment today, and this can change, it looks like we're going to avoid an almost-crisis too. they might wrap it it up and go home for christmas. almost everyone i have talked to has been weirdly confident and upbeat about where this is going. this shouldn't be an amazing thing for me to tell you. i shouldn't be coming to you saying, look, congress might not blow up the economy for no good reason. or if i do have to say it, i shouldn't sound excited about it. that should be a given. but in recent years, it has not been a given. and the reason it hasn't been is in some ways traceable to this guy. you know that guy. that is grover norquist. if you go by his name or his picture, he may not seem imposing. but in the republican party, he's a guy that breaks your knees if you vote for higher taxes. all republicans p
you've probably heard of the fiscal cliff or as lawrence likes to call it, the fiscal curve or as my friend calls t the austerity bomb. whatever you would like to call it, it does not look like it's going to happen. it doesn't just look like we're going to avoid a crisis. at this moment today, and this can change, it looks like we're going to avoid an almost-crisis too. they might wrap it it up and go home for christmas. almost everyone i have talked to has been weirdly confident and upbeat...
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Nov 29, 2012
11/12
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let us go over the fiscal cliff is necessary. keep sharing your thoughts with us on facebook and on twitter. one of the richest men in america is getting a free lunch at the white house. find out what mitt romney could bring to the table and the white house wants him to. we are right back. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer ] one pill each morning. 24 hours. zero heartburn. satisfaction guaranteed or your money back. >>> welcome back to "the ed show." kevin mccarthy has a movie night. he will be hosting a screening of the movie "lincoln" steven spielberg's portrayal of the republican party's most honored president. last year during the debt ceiling debate on capitol hill, mccarthy tried to rally republicans behind
let us go over the fiscal cliff is necessary. keep sharing your thoughts with us on facebook and on twitter. one of the richest men in america is getting a free lunch at the white house. find out what mitt romney could bring to the table and the white house wants him to. we are right back. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even...
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Nov 29, 2012
11/12
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CURRENT
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you know, as the fiscal cliff discussion approaches in washington, there is a lot of talk about budget cutting. do you worry about in this era of austerity that less money is going to be spent on things, important things like worker safety? >> i think we should all be deeply worried about that, because the risk of spending less on safety is going to result in people being maimed, disfigured hurt, killed on the job, where it doesn't have to happen, the disaster at the upper big ben mine wasn't an accident. it was the result of a willful disregard of health and safety and a failure to enforce that effectively. in an era of budget cutting we risk repeating that. >> well, there were some other -- there was other news today out on the industrial front, which is we also learned that two b.p., british petroleum rig supervisors and former beep executive pleaded inning from charges stemming from the 2010 deep water horizon rig disaster. they claim their scapegoats for higher ups like former c.e.o. tony hayward. b.p. had fines on the civil side. do you think that they were being scapegoated? do
you know, as the fiscal cliff discussion approaches in washington, there is a lot of talk about budget cutting. do you worry about in this era of austerity that less money is going to be spent on things, important things like worker safety? >> i think we should all be deeply worried about that, because the risk of spending less on safety is going to result in people being maimed, disfigured hurt, killed on the job, where it doesn't have to happen, the disaster at the upper big ben mine...
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Nov 29, 2012
11/12
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a gradual inching away from the edge of the fiscal cliff, depends on who you believe. even with the clock ticking it's almost two week since president obama and john boehner met in person. nbc news confirms two leaders spoke by phone for 15 minutes last night a call described by politico as short and curt. boehner gave his state on the current talks a moment ago. >> no substancetive progress has been made in the talks between the white house and the house over past two weeks. all eyes are on the white house. the country doesn't need a v victory lap it needs leader. >> behind the scenes of the contours of a deal are starting to take shape, a trillion plus dollars in tax heights, entitlements of $400 billion and 1.2 trillion in spending cuts to offset the dreaded sequester. if the phoners haven't been gabfests the president is chatting up other folks including small business owners, middle class americans and mitt romney-loving ceos. if awkward meetings are par for the course in washington, the president's one today takes the cake. later this hour, president obama will s
a gradual inching away from the edge of the fiscal cliff, depends on who you believe. even with the clock ticking it's almost two week since president obama and john boehner met in person. nbc news confirms two leaders spoke by phone for 15 minutes last night a call described by politico as short and curt. boehner gave his state on the current talks a moment ago. >> no substancetive progress has been made in the talks between the white house and the house over past two weeks. all eyes are...
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Nov 29, 2012
11/12
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going over the fiscal cliff fiss serious business. i am here seriously trying to resolve it and i would hope the white house would get serious as well. >> based on the meeting with secretary geithner or your phone call with president obama 09 -- obama side, can you tell us something about that phone call? >> we had a very nice conversation last night. it was direct and straightforward. but the assessment i give you today would be a product of both of those conversations. >> how much would you be open to the idea of discretionary spending cuts as far as a down payment to get to a long-range solution on entitlements? >> there are a lot of options on the table, including that one. >> [indiscernible] you are acknowledging that there will. >> the day after the election, i came here and i made it clear that republicans would put revenue on the table as a way to begin to move the process to get this resolved. >> right, so my question is what message do you have for people who are in the negotiating position or believe that it is inevitable t
going over the fiscal cliff fiss serious business. i am here seriously trying to resolve it and i would hope the white house would get serious as well. >> based on the meeting with secretary geithner or your phone call with president obama 09 -- obama side, can you tell us something about that phone call? >> we had a very nice conversation last night. it was direct and straightforward. but the assessment i give you today would be a product of both of those conversations. >>...